FORNEBU, Norway, Oct. 26, 2023 /PRNewswire/ -- Third Quarter Highlights HMH delivered an adj. EBITDA of USD 35 million, the highest level since inception of the combined company in October 2021. EBITDA increased 25 % year-over-year driven by continuing increase in aftermarket activity DDW Offshore completed sale of Skandi Saigon and Skandi Pacific to OceanPact DDW Offshore refinanced through a new USD 31 million facility [...]
FORNEBU, Norway, Sept. 26, 2023 /PRNewswire/ -- Akastor ASA's , wholly owned subsidiary DDW Offshore AS has completed a USD 31 million refinancing provided by EnTrust Global's Blue Ocean Funds as lenders. The new loan agreement matures in September 2026 and is guaranteed by Akastor. The funds have been or will be used for the following purposes: i. settlement of the existing loan facility maturing in February 2024 ii [...]
LYSAKER, Norway, Aug. 4, 2023 /PRNewswire/ -- Reference is made to the stock exchange release August 30, 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea7. Closing is subject to regulatory approvals. Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in [...]
FORNEBU, Afghanistan, July 24, 2023 /PRNewswire/ -- Reference is made to the stock exchange announcement on 18 March 2021 by Akastor ASA regarding the two AHTS vessels Skandi Saigon and Skandi Pacific, which are owned by Akastor's subsidiary DDW Offshore AS and contracted out to OceanPact Servicos Maritimos S.A. under a bareboat agreement with a purchase obligation at the end of the bareboat term. Following expiry of the [...]
FORNEBU, Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The main projects continued to progress, tendering activity was high, and the market outlook remains positive. Aker Solutions updated its revenue guidance and now expects revenue to increase by about 30 percent in 2023 over 2022 levels. 2Q 2023 Financial Highlights [...]
FORNEBU, Afghanistan, July 13, 2023 /PRNewswire/ -- Second Quarter Highlights Net capital employed of NOK 4.8 billion and equity of NOK 4.3 billion, corresponding to NOK 15.7 per share Odfjell Drilling USD 20 million seller's credit fully settled in second quarter, with proceeds reducing net bank debt HMH delivered increased EBITDA year-over-year and quarter-over-quarter following increased service activity and continue [...]
FORNEBU, Norway, June 30, 2023 /PRNewswire/ -- Reference is made to the stock exchange announcement on 29 November 2022 by Akastor ASA regarding the sale by Akastor of certain preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2 million purchase price was to be settled pursuant to a seller's credit arrangement with maturity date 31 July 2024. Following a recent refinancing in Odfjell Drilling [...]
LYSAKER, Norway, May 4, 2023 /PRNewswire/ -- Aker Solutions has delivered increased year-on-year revenues, margin growth and improved cash-generation on the strength of solid project execution. Growing demand for Aker Solutions' offerings for the energy industry is reflected in a record-high order backlog and high tendering activity. 1Q, 2023 Financial Highlights Revenue NOK 11.4 billion EBITDA NOK 906 million EBITDA [...]
FORNEBU, Norway, April 27, 2023 /PRNewswire/ -- First Quarter Highlights Agreement with ABL Group re. sale of all shares in AGR against a combination of shares in ABL and cash entered into in the quarter Strong order intake in HMH in period with 20% growth year-on-year driven by Aftermarket Services, including strategic orders for digital technology upgrades and equipment overhauls Net capital employed of NOK 4.7 billion [...]
FORNEBU, Norway, April 18, 2023 /PRNewswire/ -- Akastor ASA has today completed the transfer of all shares in AGR AS to ABL Group ASA as per the terms described in the press release dated 20 March 2023. Consequently, a total of 18,166,667 Consideration Shares in ABL Group will be issued to Akastor's wholly owned subsidiary RGA Energy Holdings AS , of which 2/3 will be transferred to Nordea and DNB as settlement of the [...]
LYSAKER, Norway, April 12, 2023 /PRNewswire/ -- Akastor ASA invites investors and analysts to a webcast presentation of first quarter 2023 financial results on Thursday 27 April 2023 Date and time: Wednesday 27 April 2023 at 15:00 CET Presenters: Akastor - Karl Erik Kjelstad, CEO and Øyvind Paaske, CFO HMH - Eirik Bergsvik, CEO and Thomas McGee, CFO Link to webcast [...]
LYSAKER, Norway, March 22, 2023 /PRNewswire/ -- Aker Solutions today publishes its annual report, sustainability report, remuneration report and corporate governance report for 2022. The reports are attached and also available on https://akersolutions.com/annual-reports, https://akersolutions.com/sustainability-reports and https://akersolutions.com/corporate-governance. Aker Solutions has also published its annual [...]
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